Summer Intern, Portfolio Valuations

We are trusted investment banking advisors to business owners and senior executives of leading private equity firms and their portfolio companies and to public and privately held companies around the world. Our services include mergers and acquisitions advisory, private funds and capital markets advisory and valuations and fairness opinions. As one tightly integrated team of more than 1,400 professionals in 25+ offices in 16 countries, we offer an unobstructed perspective on the global private capital markets, backed by superb execution and a deep commitment to client success.

At Lincoln International, we know that the success of our global organization is a direct outcome of the strength of our people. We encourage diversity of thought and create talent density by attracting, retaining and engaging high performers from all demographics, backgrounds and perspectives. We value diversity, equity and inclusion as a catalyst to foster innovation and creative problem solving, access the best candidates and adapt to a highly dynamic, competitive environment. We know that employing a diverse team and valuing the unique perspectives of our people allows us to better understand and serve the needs of our clients. Lincoln International is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Please note that this is an 8-week summer internship.

Duties & Responsibilities

Lincoln International is seeking Interns for a period of two months to join our rapidly growing Valuations & Opinions Group (VOG). Successful candidates have strong cognitive and interpersonal abilities, want to develop their professional and personal skills, are excited to gain exposure to a broad range of asset classes and industries, and are motivated by the prospect of building a leading valuations practice. The Intern position within the Valuations & Opinions Group provides an excellent opportunity to become an expert in Portfolio Valuations, though Interns may occasionally be required or volunteer to work on valuation engagements for other valuation services.

The Intern serves as the analytical and organizational anchor for the Valuations & Opinions Group and would have the opportunity to work with clients including many of the most sophisticated, blue chip institutional investment firms in the industry. Responsibilities at Lincoln International are often more entrepreneurial than at other firms, providing self-motivated individuals with many opportunities to contribute to a dynamic and growing platform. Successful Interns are assertive, motivated self-starters with the desire and potential to succeed in a fast-paced, entrepreneurial environment.

We envision the Valuations and Opinions Intern will be tasked supporting the following tasks:

• Supporting our Portfolio Valuation team, which provides valuations of illiquid debt and equity securities held by hedge funds, private equity funds, and business development companies in connection with fair value reporting of the funds’ assets to investors.
• Constructing and practicing valuation, other financial analyses, and case studies, including the guideline public companies, guideline precedent transactions, and discounted cash flow analyses, using Lincoln International proprietary models.
• Identifying relevant comparable public companies and M&A transactions, based upon information services such as S&P Capital IQ and Bloomberg, along with knowledge of the appropriate Standard Industrial Classification and other methods, as appropriate.
• Researching and providing information on general economic conditions, industry-specific conditions and trends, acquisitions and divestitures within specific industries, and various investment attributes of publicly traded and privately held securities.
• Participating in and shadowing due diligence meetings, communication with clients, and responses to auditor questions regarding valuation analyses prepared by Lincoln International.
• Assisting in the preparation of fee proposals to clients, including pitch materials and written valuation reports.
• Maintaining proprietary valuation databases.
• Coordinating recurring valuation projects with team members across multiple geographies.
• Supporting the senior members of the Valuations & Opinions Group.
• Performing other ad-hoc research, analytics, and support for the VOG team as required.

Qualifications

The Intern position at Lincoln International is extremely challenging, offers an excellent learning experience and provides a solid foundation upon which an individual can build a future business career. Interested candidates should meet the following requirements:

Professional and Cultural Characteristics

• Authentic individual with high integrity, whose personal and professional values are consistent with Lincoln’s Culture Statement (Excellence, Entrepreneurship, Integration, Collaboration, Integrity).
• Assertive, articulate, and self-motivated, can manage multiple tasks and deadlines in a fast-paced environment.
• Strong collaborator who enjoys working in an entrepreneurial environment.
• Driven and ambitious professional who gains satisfaction from achieving personal and team goals.
• Ability to demonstrate good judgment and handle highly confidential information in a professional manner.

Additional Qualifications

• Excellent analytic foundation with advanced understanding of financial statements and various valuation methodologies (DCF, LBO, comparable company analysis, etc.).
• Excellent understanding of financial statements analysis with the ability to work through key assumptions, implicit caveats, and limitations.
• Studying for a Bachelor's or Master's degree in Finance, Accounting or Economics from a top tier institution.
• Strong academic record, both undergraduate and graduate, of at least 2:1 (UK), 3.5 GPA (US), 1.5 GPA (Germany) or local equivalent.
• Proficiency at financial modeling with advanced Microsoft Excel skills.
• Understanding of integrated cash flow modeling is preferred.
• Strong writing skills and experience with PowerPoint and Microsoft Word.
• Effective organizational skills and the aptitude to manage people and work products.
• Strong communication skills and experience interacting with teammates and clients.